Brokerages Set QuickLogic Co. (NASDAQ:QUIK) PT at $11.53

Shares of QuickLogic Co. (NASDAQ:QUIK - Get Free Report) have earned a consensus rating of "Buy" from the four analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $11.53.

A number of brokerages recently issued reports on QUIK. Northland Securities began coverage on shares of QuickLogic in a research report on Tuesday, December 17th. They set an "outperform" rating and a $11.60 target price on the stock. Craig Hallum decreased their price objective on QuickLogic from $12.00 to $10.00 and set a "buy" rating on the stock in a report on Tuesday, November 12th. Northland Capmk upgraded QuickLogic to a "strong-buy" rating in a research note on Tuesday, December 17th. Finally, StockNews.com raised QuickLogic to a "sell" rating in a research note on Wednesday, December 11th.

QuickLogic Price Performance

QuickLogic stock traded down $0.43 during mid-day trading on Thursday, hitting $7.38. 267,540 shares of the company were exchanged, compared to its average volume of 177,263. QuickLogic has a 12-month low of $6.75 and a 12-month high of $20.75. The company has a market capitalization of $108.54 million, a P/E ratio of -73.80 and a beta of 1.39. The business's 50 day simple moving average is $8.88 and its two-hundred day simple moving average is $8.46. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.12 and a quick ratio of 1.05.

QuickLogic (NASDAQ:QUIK - Get Free Report) last released its earnings results on Monday, November 11th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by ($0.01). The firm had revenue of $4.27 million during the quarter, compared to analysts' expectations of $4.20 million. QuickLogic had a negative net margin of 6.83% and a negative return on equity of 7.30%. During the same quarter last year, the company posted $0.08 earnings per share. Analysts forecast that QuickLogic will post -0.29 earnings per share for the current fiscal year.

Insider Transactions at QuickLogic

In other QuickLogic news, CEO Brian C. Faith sold 21,402 shares of the business's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.39, for a total transaction of $158,160.78. Following the completion of the sale, the chief executive officer now owns 193,584 shares of the company's stock, valued at approximately $1,430,585.76. The trade was a 9.96 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy Saxe sold 10,886 shares of the firm's stock in a transaction dated Thursday, December 5th. The stock was sold at an average price of $7.39, for a total value of $80,447.54. Following the completion of the transaction, the vice president now owns 117,609 shares in the company, valued at approximately $869,130.51. This trade represents a 8.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 52,117 shares of company stock worth $381,460 in the last ninety days. Insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On QuickLogic

Several institutional investors have recently bought and sold shares of the business. Crews Bank & Trust acquired a new position in shares of QuickLogic during the 4th quarter valued at $28,000. Quest Partners LLC raised its position in QuickLogic by 5,067.5% in the third quarter. Quest Partners LLC now owns 10,955 shares of the semiconductor company's stock valued at $84,000 after purchasing an additional 10,743 shares during the period. Cutter & CO Brokerage Inc. acquired a new position in shares of QuickLogic during the third quarter worth about $106,000. Sprott Inc. purchased a new stake in shares of QuickLogic in the fourth quarter worth about $170,000. Finally, Barclays PLC grew its stake in shares of QuickLogic by 34.8% in the third quarter. Barclays PLC now owns 19,676 shares of the semiconductor company's stock valued at $150,000 after buying an additional 5,079 shares in the last quarter. 31.54% of the stock is currently owned by hedge funds and other institutional investors.

About QuickLogic

QuickLogic Corporation operates as a fabless semiconductor company in the United States. The company offers embedded FPGA intellectual property, low power, multicore semiconductor system-on-chips, discrete FPGAs, and AI software; and end-to-end artificial intelligence/machine learning solution with accurate sensor algorithms using AI technology.